Which of the following would not be considered Category (b) GAAP for state and local government auditees?
A) AICPA Practice Bulletins if specifically made applicable to state and local governments by the AICPA and cleared by the GASB.
B) GASB Technical Bulletins.
C) GASB Statements.
D) GASB Implementation Guides.

Question

Quizplus · Accepted Answer

Category (b) GAAP for state and local government auditees includes authoritative guidance that has been cleared by the Governmental Accounting Standards Board (GASB) but is not directly issued by GASB. GASB Statements are considered Category (a) GAAP as they are official pronouncements of the GASB.

Which of the Following Would Not Be Considered Category (B)